Forty-seven House Democrats have told Speaker Nancy Pelosi that they want tax rates on capital gains and dividends maintained at the current level of up to 15% for all earners. The strong sentiment was featured in a letter by the group to Pelosi and is the latest in-house uprising against allowing Bush-era tax breaks to expire for families making more than $250,000 and extending them for middle-income earners, according to a WSJ.com report
Earlier, another flock of Democrats sent another letter to the Speaker, touting a temporary extension of all the tax breaks for ordinary income.
Meanwhile, House Democratic leaders seem unlikely to seek a floor vote on extending just some of the tax breaks before Congress goes to recess.
© 2016 Newsmax. All rights reserved.